BP PLC
World needs to accept the urgent need for fossil fuel investment now, BP CEO says
BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm’s strategy was to “to invest in hydrocarbons today, because today’s energy system is a hydrocarbon system.” F. Carter Smith | Bloomberg | Getty Images BP’s strategy is centered around investing in hydrocarbons […]
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Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more
Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves midday: Roblox — Roblox shares shot up 21% after the online gaming company reported metrics for September that showed stronger engagement than a year ago. Apple — The tech giant saw its shares rally more than 2% […]
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Stocks making the biggest moves premarket: Continental Resources, Bank of America, Apple and others
Check out the companies making headlines before the bell: Continental Resources (CLR) –Chairman and founder Harold Hamm and his family will acquire the shares of the energy producer that they don’t already own for $74.28 per share. The deal is not contingent on any financing and is expected to close before the end of the […]
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Oil and gas are producing a comeback — and these mutual funds are leaping on the development, suggests Morningstar
The S & P 500’s oil and gas sector has risen by virtually 30% this calendar year although the broader market place has sold off. And people bumper returns surface to be reversing a 10 years-extensive craze: They’ve now started off to entice buyers who experienced mainly shunned the sector amid the thoroughly clean power […]
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Hertz is teaming up with oil giant BP to install thousands of EV chargers in the U.S.
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Hertz is teaming up with oil giant BP to build a new network of electric vehicle charging stations throughout the United States. The rental car giant — which in the last year has announced deals to purchase a total of up to 340,000 EVs […]
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Siemens commissions 1 of the greatest inexperienced hydrogen output plants in Germany
A Siemens symbol in Germany. The industrial large states that a recently commissioned green hydrogen plant in the country will use wind and solar energy from the Wunsiedel Vitality Park. Daniel Karmann | Image Alliance | Getty Photos A eco-friendly hydrogen technology plant explained as just one of the greatest in Germany is open up, […]
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Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery
On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will […]
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This fund manager is beating the market — and he has 4 tips for investors
It’s a tough year to be in the stock market, given the seemingly never-ending cycle of gyrations. Inflationary pressures remain elevated and with the Federal Reserve poised to pursue a more aggressive rate hike policy , a recession could be on cards. So how should investors trade this volatility? Fund manager Freddie Lait, a long-term […]
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The race to make green hydrogen competitive is on. And Europe is building industrial-scale electrolyzers to help
One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images Siemens Energy and Air Liquide have announced plans to set up a joint […]
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Morgan Stanley says investors can weather a ‘prolonged storm’ with these global stocks
European companies have never been richer, according to Morgan Stanley , and are ready to splash the cash — including distributing part of it to shareholders. The Wall Street bank has named a raft of stocks that have strong balance sheets and resilient cash flows and are set to return excess cash to shareholders through […]
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